HDI Global to expand environmental liability insurance to international market [Yahoo! Finance]
HANNOVER RE SE S/ADR (HVRRY)
NASDAQ:AMEX Investor Relations:
hannover-re.com/122688/investors
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Source: Yahoo! Finance
This expansion is driven by evolving risk factors and increasing regulatory pressures. Currently, the environmental liability coverage is available in Italy, Portugal and Spain. Starting next year, the company plans to supplement its environmental liability coverage with additional optional S&G coverages. HDI Global stated that this launch positions it as the “first insurer” to offer “full-spectrum”, customised environmental, social and governance (ESG) liability coverage to clients and brokers worldwide. This ESG product aims to support clients in their transformation efforts by safeguarding against costs incurred from realised risks in the social criteria and crisis management costs within the governance criteria. The services are offered by a dedicated ESG Risk Solutions Team comprising 17 members operating globally and locally in respective markets. The team is led by Mark Appleton, head of liability global, who reports directly to Mukadder Erdönmez, a member of the H
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